Tuesday, December 15, 2009

African Business Outlook for 2010

Africa Practice: A survey of business executives conducted by Africa Practice, a consulting firm, reveals some interesting perspectives for the coming year: - 68% of the interviewees expect to expand their businesses significantly- 100% expected FDI to increase in 2010 (mainly from china) (up from 69% in 2009)- Leading business challenges are access to credit (30%) and availability of talent (35%)- No change in US administration impact on Africa- Increased intra-African business and moving away from a reliance on international exports was cited as key in Africa’s private sector development- The most significant development will be technology investments and reduced costs communions costs (56%)- But, just 54% believe that economic benefits from the 2010 world cupwill be felt only in South Africa itself.

the more pressing question is whether South Africa will benefit from the World Cup. New airports and roads will attract more foreign investment to provincial cities, ...but the boost in tourism in poorer country areas will hardly offset the broken promises of investment by the crony-ridden African National Congress. And the newly built stadiums will be filled only occasionally by the national rugby team.

A worry for FIFA is that the tournament will not be African enough...There will not be many fans travelling from qualifying African countries. Many black South Africans will not be able to afford even the subsidised ticket prices for matches; gifts of tickets to nurses and teachers will be needed. So Africa’s moment may be uncomfortably white.

The Author of my Tomorrow - a love poem
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The author of my tomorrow
Is a man who knows tomorrow’s news
He’s smart, slick and quick with his tongue
His books tell of a curious mind and he likes his fu...